RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PAGP
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Plains Group Holdings LP stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)

Buy or Hold candidate since Jun 24, 2024 Gain 6.00% PDF

The Plains Group Holdings LP stock price gained 2.15% on the last trading day (Tuesday, 2nd Jul 2024), rising from $19.03 to $19.44. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.69% from a day low at $19.05 to a day high of $19.56. The price has risen in 9 of the last 10 days and is up by 10.27% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $53.70 million.

Given the current short-term trend, the stock is expected to fall -4.22% during the next 3 months and, with a 90% probability hold a price between $16.52 and $18.62 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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PAGP Signals & Forecast

Mostly positive signals in the chart today. The Plains Group Holdings LP stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $18.76 and $18.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 11.72%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Plains Group Holdings LP stock

Plains Group Holdings LP finds support from accumulated volume at $18.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.512 (2.69%) between high and low. For the last week, the stock has had daily average volatility of 1.63%.

The Plains Group Holdings LP stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Plains Group Holdings LP has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $18.78 (-3.38%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 59 days ago.)

Trading Expectations (PAGP) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Plains Group Holdings LP to open at $19.35, and during the day (based on 14 day Average True Range), to move between $19.13 and $19.75, which gives a possible trading interval of +/-$0.310 (+/-1.59%) up or down from last closing price. If Plains Group Holdings LP takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.65 (1.08%) than the support at $18.76 (3.50%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Plains Group Holdings LP stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.511 Buy Candidate Upgraded

Predicted Opening Price for Plains Group Holdings LP of Wednesday, July 3, 2024

Fair opening price July 3, 2024 Current price
$19.35 ( 0.476%) $19.44

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PAGP

Fibonacci Support & Resistance Levels

Level Price
R3 19.86 2.16%
R2 19.66 1.15%
R1 19.54 0.531%
Price 19.44
S1 19.15 -1.48%
S2 19.03 -2.11%
S3 18.84 -3.11%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 19.65 1.08%
Price 19.44
S1 18.76 -3.50%
S2 18.40 -5.35%
S3 17.78 -8.54%

PAGP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 30, 2024 Apr 30, 2024 May 15, 2024 $0.318 1.74%
2 Jan 08, 2024 Jan 30, 2024 Feb 14, 2024 $0.318 1.94%
3 Oct 05, 2023 Oct 30, 2023 Nov 14, 2023 $0.268 1.68%
4 Jul 06, 2023 Jul 28, 2023 Aug 14, 2023 $0.268 1.68%
5 Apr 06, 2023 Apr 28, 2023 May 15, 2023 $0.268 1.94%

FAQ

What is the symbol for Plains Group Holdings LP Stock and on which exchange is it traded?
The symbol for Plains Group Holdings LP is PAGP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Plains Group Holdings LP Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Plains Group Holdings LP Stock?
Plains Group Holdings LP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Plains Group Holdings LP Stock.

What's the current price of Plains Group Holdings LP Stock?
As of the end of day on the Jul 02, 2024, the price of an Plains Group Holdings LP (PAGP) share was $19.44.

What is the 52-week high and low for Plains Group Holdings LP Stock?
The 52-week high for Plains Group Holdings LP Stock is $19.77 and the 52-week low is $14.51.

What is the market capitalization of Plains Group Holdings LP Stock?
As of the Jul 02, 2024, the market capitalization of Plains Group Holdings LP is 3.754B.

When is the next earnings date for Plains Group Holdings LP?
The upcoming earnings date for Plains Group Holdings LP is Aug 02, 2024.
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About Plains Group Holdings LP

Plains Group Holdings LP Plains GP Holdings, L.P., through its subsidiary, Plains All American Pipeline, L.P., owns and operates midstream energy infrastructure in the United States and Canada. The company operates in two segments, Crude Oil and Natural Gas Liquids (NGLs). The company engages in the transportation of crude oil and NGLs on pipelines, gathering systems, and trucks. As of December 31, 2021, this segment owned and leased assets comprising 18,300 miles of cru... PAGP Profile

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